Nine Saudi expats held in $20m money laundering scam

Saudi police claim Asian men transferred SR2m a day before they were able to trace the transactions
Nine Saudi expats held in $20m money laundering scam
Image for illustrative purpose only. (Getty Images)
By Courtney Trenwith
Mon 06 Apr 2015 01:15 PM

Nine Asian expats have been arrested in Saudi Arabia for transferring SR77m ($20.5m) to foreign bank accounts in what is alleged to be a money-laundering scheme, according to the Saudi Gazette.

Makkah Police spokesman Ati Al Quraishi reportedly said the expatriates were transferring SR2 million a day until police were able to track their transactions and pinpoint their location in the kingdom.

Officers reportedly found SR1.5m in cash, a number of mobile phones and computers and a money counter during raids.

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